IndigoLearn
T G

T G

CA Inter

860

27-Feb-20 15:40

44

Advance tax

What is the Interest and TDS implication: On 1/4/2019,Mr.Rajesh started a year recurring deposit of 80000 per month @ 8%p.a. with PQR Bank. The recurring deposit matures on 31/3/2020.

Answers (5)

Suraj Lakhotia

Suraj Lakhotia

Admin

27-Feb-20 16:44

If the interest amount exceeds threshold limit, TDS will be deducted.

T G

T G

CA Inter

860

27-Feb-20 17:11

I'm getting the wrong answer, so can you please explai

CA Rahul Paul

CA Rahul Paul

Qualified CA

10

28-Feb-20 21:19

Hey, Is your answer coming 41,600 ?

T G

T G

CA Inter

860

29-Feb-20 06:50

I'm getting a different answer but in board material they gave 41600,so can you please explain how you got 41600

Sriram Somayajula

Sriram Somayajula

Admin

13-Mar-20 19:44

Please share your solution as an image. we shall go through and revert